CBN Sells $122.67m to 46 Authorised FX Dealers to Stabilise Market
The Central Bank of Nigeria (CBN) has taken a significant step to stabilise the foreign exchange market by selling $122.67 million to 46 authorised dealers.
This move is aimed at promoting market stability and reducing...
Naira Gains Marginally, Now N1,554.65 per Dollar
The naira appreciated against the dollar at both official and parallel foreign exchange markets for the first time since last week.
FMDQ data showed that the naira appreciated marginally to N1,554.65 against the dollar on Thursday from N1,561.98 traded...
Naira Exchanges for N1,535/$ in Parallel Market
The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday.
Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the...
Naira Sells for N1,520 per Dollar in parallel market
The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ...
Naira Depreciates by 215% in One Year
Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar.
At the close of trade on Friday, the naira stood at N1482.72 to...
Naira Gains Marginally at Official Market
The Naira yesterday depreciated in the parallel market to N1,490 per dollar from N1,470 per dollar last week.
However, the Naira appreciated to N1,483.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative...
